Nifty Futures Trading Part 2 (Positional)

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shinchan

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cut shorts taken positional longs... low - 15 stop
Czar,


What made you to change your view, is it triple bottom at 2695? or failed H&S @ 2920?
 

columbus

Well-Known Member
medium term view remains, short inability to break 2670, breakin downward TL, +be divergences, all combined so had to take a chance and entered at 2718.... Let's see the extent of pull back of today recovery, how it handle 2750 tomo

We lost 4 days in row,of course last 2 day trades saw a nominal loss.But last
time we lost 4 days in row,we saw NIFTY at sub-2600 level.
 
As Nifty slide didnt happened between 13-17th , Market looks to be going up till 22-24th to the high of 3050 to 3090. Next down trend will take it till 2570 by 28th - 2nd of Dec, if it didnt slide there it will again go up till 2950 by 10th - 15th Dec.

This looks a foolish thought but please suggest
 
C

Czar

Guest
medium term view remains, short inability to break 2670, breakin downward TL, +be divergences, all combined so had to take a chance and entered at 2718.... Let's see the extent of pull back of today recovery, how it handle 2750 tomo
Sorry had posted this from a cell... medium term remain bearish & actual short term still only above 3050 bullish swing above 3160.... edit: breaking above downward TL instead of what I wrote breakin downward TL & inability to break 2690 convincingly...

I feel sorry I posted about my trade as I usually dont, as I heard someone changed their position seeing my post, sorry again, please understand my trades are very risky & a bit trigger happy... & I was in good profits in shorts b4 i reversed so I have taken a chance... sorry if I confused someone... thats why I usually post chart instead of saying my position... this time mistake....
 
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